Engagement — Platform Due Diligence
Code & Co. advises Yttrium on Tech & Product Due Diligence ahead of its investment in ApprovalMax, a B2B software platform used by businesses around the world to build robust financial controls.
ApprovalMax, a cloud-based platform specialising in internal financial controls, has successfully raised £10 million from European growth equity firm Yttrium.This investment marks a significant milestone for the company, which has operated entirely on a self-funded basis since its launch. Yttrium also purchased an undisclosed secondary stake from existing shareholders.
Scope of work
Code & Co. conducted a comprehensive Tech & Product Due Diligence of ApprovalMax.
Code & Co. analyzed the technical architecture, infrastructure, technology stack, scalability, and cybersecurity. Furthermore, Code & Co. validated the product vision and roadmap, assessed customer integration and onboarding and support processes, and evaluated the proficiency of engineering operations and team structure.
About ApprovalMax
ApprovalMax is an award-winning B2B software platform used by businesses around the world to build robust financial controls. It streamlines the approval process by allowing users to create automated workflows to approve bills and invoices. ApprovalMax integrates with platforms such as Xero, QuickBooks Online, and Oracle NetSuite to unlock powerful efficiencies for accounts payable and accounts receivable functions in any finance team.
For more information, visit www.approvalmax.com
About Yttrium
Based in Frankfurt, Munich and London, Yttrium (formerly Digital+ Partners) is a leading technology growth equity investor focused on DACH and European technology companies with over $800 million assets under management. Yttrium aims to support ambitious entrepreneurs and build global technology leaders, providing them with strategic advice and long-term financial support to help them define and execute their growth plans. Yttrium focuses exclusively on B2B technology companies and leverages a deep corporate network to help portfolio companies access new markets and build new partnerships.
For more information, visit www.yttrium.com